Vesting and Forfeiture of Rsus. (a) The RSUs awarded under this Agreement shall initially be 100% unvested and subject to forfeiture. One-half of the RSUs, covering shares of Common Stock, will vest in equal installments over a period of three years (the “Time-Based RSUs”) and one-half of the RSUs, covering shares of Common Stock, will vest, in whole or in part, on the Vesting Date based upon achievement of performance criteria during the Measurement Period, as described in subsection 2(c) (the “Performance-Based RSUs”). To the extent that any partial vesting would result in the issuance of fractional shares, such shares shall be rounded up to the nearest whole number of shares.
Appears in 4 contracts
Samples: Stock Incentive Plan (Greenbrier Companies Inc), Stock Incentive Plan (Greenbrier Companies Inc), Stock Incentive Plan (Greenbrier Companies Inc)
